The Russian Government Adopted Amendments Affecting Several Taxes

The Government of Russia has recently changed the bill “Amending Chapter 31, Part Two of the Tax Code of the Russian Federation”.

The bill passed the second reading in July 2012. Its initial version provided that the land of limited transferability and the land disposed for defense, security and customs purposes is a subject to land tax.

Now the amended bill covers not only subject to land tax, but also changes the payment date for individuals’ property tax (from November 01 to October 01 of the year after the assessment year) and adds property deemed as monuments of history and culture, space facilities, ice-breakers and nuclear-powered vessels to the list of properties which are not subject to entities’ property tax.